SIGNING OF COOPERATION AGREEMENT FOR BIOGAS PROJECT DEVELOPMENT OF PT KPNJ & PT KIS BIOFUEL INDONESIA
04 July 2022
PT Karya Pratama Niagajaya (Associated Entity of PT Mahkota Group Tbk) signed a Cooperation Agreement with PT KIS Biofuels Indonesia (KIS Group) for the construction of the Biogas / BioCNG Project.
Medan, North Sumatra, Indonesia - PT Mahkota Group Tbk on July 2, 2022 through one of its entities, PT Karya Pratama Niagajaya, represented by Director Mr. Usman Sarsi and Commissioner Mr. Usli, signed a Build-to-Sell cooperation agreement for the construction of a biogas / bioCNG project with PT KIS Biofuels Indonesia (KIS Group) represented by President Director Mr. K.R.Raghunath. This biogas/bioCNG project will commercially boost the development of the new and renewable energy (EBT) mix because it uses liquid waste raw materials from palm oil processing.
The biogas/bioCNG project located in the Batu Bara Regency of North Sumatra is targeted to have a production capacity of up to 7,000 MMBtu per month. The operation of this project will also have an impact on environmental sustainability and add to the company's sustainable business portfolio.